US Economic News for IT – not so good!

Last week the Bureau of Labor Statistics reported that unemployment remained flat at 9.7 percent.   It seems that government, manufacturing and even construction industries added jobs, but IT jobs lost ground.

Within the very broad information segment of the economy, which includes movies, music, publishing, broadcasting, telecoms, and data processing, the telecommunications industry lost 5,000 jobs, to 943,300, while data processing, hosting, and related services companies cut 600 jobs, to 247,500.

The professional and business services segment, which has a total of 16.35 million people working within it, has some IT-related parts. Companies providing computer systems design and related services cut 9,600 jobs in the quarter, a small portion of the 1.43 million people in this field but significantly nonetheless.

http://www.bls.gov/news.release/empsit.nr0.htm

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